THE IMPLICATIONS OF THE CIRCULAR ECONOMY ON SUSTAINABLE ECONOMIC GROWTH

Andreea Ocolișanu (), Gabriela Dobrotă () and Marcela Simona Agârbiceanu ()
Additional contact information
Andreea Ocolișanu: Lucian Blaga University of Sibiu
Gabriela Dobrotă: Constantin Brâncuși University, Targu-Jiu, Romania,
Marcela Simona Agârbiceanu: Lucian Blaga University of Sibiu

Management of Sustainable Development, 2022, vol. 14, issue 1, 16-21

Abstract: Although the regulatory framework and the conceptualization of the circular economy are still under development, a key role is assigned to the circular economy in the sense of saving resources, minimizing, and managing waste, reducing environmental degradation, while achieving beneficial economic and social results. This paper aims to highlight the impact of the circular economy on sustainable economic growth, by reviewing the specialized literature and impact studies. The transition to a global circular economy has gradually gained political attention, with the aim of promoting the circular economy by exploring synergies by working with other countries to achieve material circularity and, ultimately, decoupling resource use from macroeconomic growth. The result of the research reveals the existence of synergies between the circular economy and sustainable economic growth and the fact that the circular economy can lead to sustainable economic growth or well-being. These estimated positive effects at the global level cannot be generalized to the level of individual economies, due to the specificity of the sectors that support their economy and the degree of harmonization with the practices of the circular economy.

Keywords: circular economy; sustainable development; sustainable economic growth; synergies (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://msdjournal.org/wp-content/uploads/vol14issue1-3.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:blg:msudev:v:14:y:2022:i:1:p:16-21:n:3

DOI: 10.54989/msd-2022-0003

Access Statistics for this article

More articles in Management of Sustainable Development from Lucian Blaga University of Sibiu, Faculty of Economic Sciences Lucian Blaga University of Sibiu, Faculty of Economic Sciences Dumbravii Avenue, No.17, postal code 550324, Sibiu, Romania. Contact information at EDIRC.
Bibliographic data for series maintained by Camelia Oprean-Stan ().